Talen Energy Corp (TLN) SVP receives 1,467 RSUs and 4,400 PSUs

Rhea-AI Filing Summary

Plagens Anthony J reported acquisition or exercise transactions in this Form 4 filing.

Talen Energy Corp senior vice president and chief accounting officer Anthony J. Plagens received new equity awards. He was granted 1,467 time-based restricted stock units and 4,400 performance-based restricted stock units under the 2023 Equity Incentive Plan, each representing a future right to one share of common stock or cash.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Plagens Anthony J

Role SVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	2026 Restricted Stock Units	1,467	$0.00	--
Grant/Award	2026 Performance-Based Restricted Stock Units	4,400	$0.00	--

Holdings After Transaction: 2026 Restricted Stock Units — 1,467 shares (Direct); 2026 Performance-Based Restricted Stock Units — 4,400 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") was issued under the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan") and represents a contingent right to receive one share of common stock, par value $0.001 ("common stock"), of Talen Energy Corporation (the "Company") or its cash equivalent, as determined at the time of settlement by the Compensation Committee of the Company's Board of Directors (the "Committee") pursuant to the terms of the Plan. Represents 586 RSUs that will vest on February 25, 2027, 587 RSUs that will vest on February 25, 2028 and 294 RSUs that will vest on February 25, 2029, in each case subject to the reporting person's continued service. Each Performance-Based Restricted Stock Unit ("PSU") was issued under the Plan and represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by the Committee pursuant to the terms of the Plan. Represents PSUs that will vest subject to the reporting person's (i) continued service and (ii) achievement of applicable performance goals. 1,760 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 2,640 of the PSUs will be eligible to vest based on performance as of February 25, 2029. The number of PSUs that vest can range from 0% to 200% of the target number of PSUs subject to the award, plus, if the maximum performance level is exceeded, an additional number of PSUs in an amount equal to the reporting person's proportionate share among the participating executive officers of 3% of the Company's market capitalization above the maximum performance level. The numbers of PSUs and shares of common stock in this row represent the maximum level of performance (or 200%) for each award.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Plagens Anthony J

(Last) (First) (Middle)

2929 ALLEN PKWY, SUITE 2200

(Street)

HOUSTON TX 77019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Talen Energy Corp [ TLN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
2026 Restricted Stock Units	(1)	02/26/2026		A		1,467		(2)	(2)	Common Stock	1,467	$0	1,467	D
2026 Performance-Based Restricted Stock Units	(3)	02/26/2026		A		4,400		(4)	(4)	Common Stock	4,400	$0	4,400	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") was issued under the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan") and represents a contingent right to receive one share of common stock, par value $0.001 ("common stock"), of Talen Energy Corporation (the "Company") or its cash equivalent, as determined at the time of settlement by the Compensation Committee of the Company's Board of Directors (the "Committee") pursuant to the terms of the Plan.

2. Represents 586 RSUs that will vest on February 25, 2027, 587 RSUs that will vest on February 25, 2028 and 294 RSUs that will vest on February 25, 2029, in each case subject to the reporting person's continued service.

3. Each Performance-Based Restricted Stock Unit ("PSU") was issued under the Plan and represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by the Committee pursuant to the terms of the Plan.

4. Represents PSUs that will vest subject to the reporting person's (i) continued service and (ii) achievement of applicable performance goals. 1,760 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 2,640 of the PSUs will be eligible to vest based on performance as of February 25, 2029. The number of PSUs that vest can range from 0% to 200% of the target number of PSUs subject to the award, plus, if the maximum performance level is exceeded, an additional number of PSUs in an amount equal to the reporting person's proportionate share among the participating executive officers of 3% of the Company's market capitalization above the maximum performance level. The numbers of PSUs and shares of common stock in this row represent the maximum level of performance (or 200%) for each award.

Remarks:

	/s/ John C. Wander, attorney-in-fact	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did Talen Energy Corp (TLN) executive Anthony J. Plagens receive?

Anthony J. Plagens received 1,467 restricted stock units and 4,400 performance-based restricted stock units. Both awards were granted under Talen Energy Corporation’s 2023 Equity Incentive Plan and each unit represents a contingent right to one share of common stock or its cash equivalent.

How do the 2026 restricted stock units for Talen Energy Corp (TLN) vest?

The 1,467 restricted stock units vest over three dates, subject to continued service. 586 units vest on February 25, 2027, 587 units on February 25, 2028, and 294 units on February 25, 2029, providing a multi-year retention incentive for the executive.

How are Talen Energy Corp (TLN) performance-based restricted stock units structured?

The 4,400 performance-based restricted stock units vest based on continued service and performance goals. 1,760 units are tied to performance as of February 25, 2028, and 2,640 as of February 25, 2029, with actual vesting ranging from 0% to 200% of target.

What does each Talen Energy Corp (TLN) restricted stock unit or performance unit represent?

Each restricted stock unit and performance-based unit represents a contingent right to receive one share of Talen Energy common stock or its cash equivalent. The Compensation Committee determines at settlement whether delivery will be in shares or cash under the plan’s terms.

Under what plan were the Talen Energy Corp (TLN) equity awards to Anthony J. Plagens granted?

Both the restricted stock units and performance-based restricted stock units were granted under the Talen Energy Corporation 2023 Equity Incentive Plan. This plan governs the terms, including vesting schedules, performance conditions, and whether settlement is in company common stock or cash.